# How To Calculate Vacation Pay In Ukraine

Summer is the time for vacations. For you, this is, first of all, the time of trips to the sea, to the country house, to relatives or friends. While on vacation, in addition to the work place and salary saved for you, you also receive vacation pay. The accrual of vacation pay takes place in accordance with the "Procedure for calculating the average wage", approved by the Resolution of the Cabinet of Ministers of Ukraine No. 100 of 08.02.95.

## It is necessary

• - information about the salary paid to you for the year;
• - calculator;
• - information about the number of vacation days.

## Instructions

### Step 1

Determine the billing period. Vacation pay is calculated according to the average salary for the last calendar year (12 months).

### Step 2

Determine the average daily salary by the following calculations: divide the amount of salary that was accrued to you in the last calendar year by 12 (the number of months in a year) and by 29.4 (the average monthly number of calendar days).

### Step 3

Determine the amount of vacation pay. To do this, multiply the average daily salary by the number of vacation days. For example, you get 2000 hryvnia per month, which is 24000 hryvnia per year. Divide the received amount by 365 calendar days. As a result, it turns out that while on vacation, you receive UAH 65 from your employer every day. 75 kopecks To determine the amount of vacation payments, you multiply the amount received by the number of vacation days - UAH 65. 75 kopecks x 24 days = 1578 UAH. 00 kopecks To this amount are added the payment amounts stipulated by the collective agreement of the enterprise.

### Step 4

Determine the amount of vacation pay. To do this, multiply the average daily salary by the number of vacation days. For example, you get 2000 hryvnia per month, which is 24000 hryvnia per year. Divide the received amount by 365 calendar days. As a result, it turns out that while on vacation, you receive UAH 65 from your employer every day. 75 kopecks To determine the amount of vacation payments, you multiply the amount received by the number of vacation days - UAH 65. 75 kopecks x 24 days = 1578 UAH. 00 kopecks To this amount are added the payment amounts stipulated by the collective agreement of the enterprise.